Use the Summation Properties to Evaluate the Series - $$\sum _ { i = 1 } ^ { 6 } \left( 1 - 2 i ^ { 3 } \right)$$

question 22

Multiple Choice

Use the summation properties to evaluate the series. The following rules may be needed: $$\begin{array} { l l l } \mathrm { n } & \mathrm { n } & \mathrm { n } \\\sum \mathrm { i } = \frac { \mathrm { n } ( \mathrm { n } + 1 ) } { 2 } ; & \sum \mathrm { i } ^ { 2 } = \frac { \mathrm { n } ( \mathrm { n } + 1 ) ( 2 \mathrm { n } + 1 ) } { 6 } ; & \sum \mathrm { i } ^ { 3 } = \frac { \mathrm { n } ^ { 2 } ( \mathrm { n } + 1 ) ^ { 2 } } { 4 } \\\mathrm { i } = 1 & \mathrm { i } = 1 & \mathrm { i } = 1\end{array}$$
- $$\sum _ { i = 1 } ^ { 6 } \left( 1 - 2 i ^ { 3 } \right)$$

• A) 429
• B) \(- 441\)
• C) 1770
• D) \(- 876\)

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Definitions:

Tobin's Q

A ratio comparing the market value of a company's assets to their replacement cost, often used to assess if a company is under or overvalued.

James Tobin

An American economist known for his work on the links between financial markets and economic decisions, especially the Tobin tax concept.

Long-run Value

The intrinsic value of an asset or company based on fundamental analysis, considering its potential for growth and profitability over an extended period.